Today is Tax Day, the due date for Americans to file their 2018 taxes. It also marks a milestone: The country has made it through a full year of President Trump’s new tax code — and the first filing season under the new rules.
Trump and his fellow Republicans promised their bill would cut taxes, make filing simpler and boost wages, business spending and the overall economy. Trump signed the most sweeping overhaul of the U.S. tax code in three decades into law on Dec. 22, 2017, with no Democratic votes. With Year One in the books, it’s fair to say some of those promises came true, some did not and, for some, it’s still too early to definitely say. Here’s a rundown of what we know so far.